Date
Details
Price
Change
Source
6/24/2025
Listed
$325,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/16
$325,000
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Property Description
Unlock the potential of your business with this impressive 5,000 sq ft commercial building located in a high-visibility, prime location. Featuring an open floor plan, this space offers the flexibility to customize the layout to fit a variety of business needs; from retail and service-based industries to office use.Recent updates include a HVAC system in 2025 and a metal roof for low-maintenance peace of mind. The property also includes a separate enclosed office space for administrative or managerial use, as well as an attached warehouse/storage area for convenient inventory or equipment access.Whether you're expanding your operation or launching a new venture, this space delivers functionality, exposure, and value. Schedule a tour today and bring your vision to life!
Full Property Details
Full Property Details for 507 S College Ave
General
- Price: $325,000
- Taxes: $1,983 (2024)
- Status: Active
- Type: Business
- Source: GNIAR
- MLS ID: 823038
- Updated: 6/24/2025
- Added to Site: 284 day(s) ago
Interior
- Interior Features: None
- Appliances: None
Exterior
- Exterior Features: None
Parking
- Parking Features: Asphalt, Off Street, Paved, Gravel
Location
- County: Jasper
- Township: Marion
- Driving Directions: SR 10 East to SR 231. Follow SR 231 South through downtown Rensselaer. Property is just before the light at Parks Dr; situated on east side of 231.
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Square Feet: 5,000
- Year Built: 1963
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,147.6
- Lot Features: Paved
- Zoning: Business
Financial Considerations
- Tax Amount: $1,983
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: COLLEGE PARK LOT 3 N 7' LOT 2
- Property ID: 370730000004093027
Listed by RE/MAX Executives
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Schools
Schools serving 507 S College Ave
School District:Rensselaer Central School Corporation
| Name | Grades | Distance |
|---|---|---|
Van Rensselaer Elementary School 902 East Washington Street, Rensselaer, IN 47978 | 3-5 | 1.1 mi |
Rensselaer Central Primary School 1144 North Melville Street, Rensselaer, IN 47978 | PK-4 | 1.5 mi |
Rensselaer Middle School 1106 Bomber Boulevard, Rensselaer, IN 47978 | 6-8 | 1 mi |
Rensselaer Central High School 1106 East Grace Street, Rensselaer, IN 47978 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 507 S College Ave
Estimate the Cost
Estimate the Cost for 507 S College Ave
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- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
- 2,480Sq. Ft.
Listed by The Real Estate Shoppe, LLC
- Single Family
- Active
- Updated 3 hours ago
- 5Beds
- 2Total Baths
- 2,328Sq. Ft.
Listed by Cornerstone Real Estate Agency
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 2Total Baths
- 1,440Sq. Ft.
Listed by RE/MAX Executives
- Single Family
- Active
- Updated 3 days ago
- 1Bed
- 1Total Bath
- 760Sq. Ft.
Listed by Listing Leaders Lifestyles, LL
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- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 4Total Baths
- 4,047Sq. Ft.
Listed by RE/MAX Executives
- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 3Total Baths
- 2,156Sq. Ft.
Listed by Countryside Realty
- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 3Total Baths
- 2,197Sq. Ft.
Listed by Lavery Realty, LLC
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 2,700Sq. Ft.
Listed by RE/MAX Executives
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- Single Family
- Closed
- 3Beds
- 2Total Baths
- 2,072Sq. Ft.
Listed and Sold by Cornerstone Real Estate Agency
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,248Sq. Ft.
Brick Built Real Estate and Brick Built Real Estate
Sold by Cornerstone Real Estate Agency
Sold by Cornerstone Real Estate Agency
- Single Family
- Closed
- Updated 12 days ago
- 4Beds
- 2Total Baths
- 3,552Sq. Ft.
Listed by Brick Built Real Estate
Sold by McColly Real Estate
Sold by McColly Real Estate
- Single Family
- Closed
- 5Beds
- 3Total Baths
- 3,300Sq. Ft.
Listed by Jenkins, REALTORS, INC.
Sold by McColly Real Estate
Sold by McColly Real Estate
507 S College Avenue, Rensselaer, IN 47978 (MLS# 823038) is a Business property. 507 S College Avenue is currently listed for $325,000 and was received on June 24, 2025. Want to learn more about 507 S College Avenue? Do you have questions about finding other Business real estate for sale in Rensselaer? You can browse all Rensselaer real estate or contact a Coldwell Banker agent to request more information.